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Which of the following is incorrect? The Australian Securities and Investments Commission (ASIC) a. requires all auditors' financial statements to be independently audited annually. b.

Which of the following is incorrect? The Australian Securities and Investments Commission (ASIC)

a. requires all auditors' financial statements to be independently audited annually.

b. provides a whistleblowing facility for the reporting of contraventions of the Corporations Act.

c. conducts regular inspections of audit firms and audit files.

d. enforces independence requirements for auditors.

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